Harland Clarke Holdings reports quarterly loss

Published 1:47 pm, Friday, November 2, 2012

Harland Clarke Holdings Corp., a San Antonio-based check products and marketing company for the financial services industry, today reported a $19 million net loss for the third quarter ended Sept. 30.

The company said the loss was primarily due to costs associated with the merger of the company's parent, M&F Worldwide Corp., with a subsidiary of MacAndrews & Forbes Holdings Inc., which occurred in December 2011. Third-quarter income results from 2011 are not comparable because of the merger.

Harland Clarke Holdings' revenues were $422.6 million, up $14.9 million, for the quarter, compared to the third quarter of 2011.